British Gas owner Centrica posts £3.3bn record profit – more than treble last year’s £948m February 16, 2023 British Gas owner Centrica has unveiled record profits of £3.3bn - powered by soaring energy prices and historic market volatility.
Offshore wind plans must be sped up to meet energy security goals, green group warns February 16, 2023 UK offshore wind pipeline has reached nearly 100GW - more than double its overall generation target to reach net zero.
China will drive oil demand to record 100m-plus barrels per day, keeping prices elevated February 15, 2023 China will drive oil consumption to record levels this year, as the world's second largest economy reopens following sustained lockdowns.
Households could start switching energy suppliers in bid for cheaper deals as price cap plummets February 15, 2023 Millions of Brits could switch supplier later this year, with the energy market expected to become more competitive as gas prices ease.
Glencore gives £5.8bn to shareholders after coal powers record profits February 15, 2023 Glencore will hand out over £5.8bn to shareholders in dividends and buybacks after another period of bumper revenues and profits.
OPEC raises oil demand forecast as markets tighten and China reopens February 14, 2023 OPEC has hiked its forecast for global oil demand this year, its first upward revision for months, in its latest market report.
Thames Water risks £500m shortfall after April bill hike as vulnerable customers fall behind on payments February 14, 2023 Hundreds of thousands of Thames Water's customers risk falling behind on their bills when prices rise in April, according to Outra.
Planning overhaul needed for UK’s energy security, nuclear industry warns February 14, 2023 The nuclear industry has urged the government to make the planning system less hostile to new nuclear projects.
Commodity specialist Fulcrum enters AIM market after £3m fundraiser February 14, 2023 Fulcrum Metals has gained admission to the AIM market on the London Stock Exchange, following a successful £3m fundraiser.
Green energy firms demand National Grid boost storage after lack of facility saw it pay them £99m to turn generators OFF February 13, 2023 Green energy firms are calling on National Grid to boost storage capabilities after it handed out £100m to energy producers last month.
